Energy

TL/DR - U.S. Treasury Secretary Janet Yellen is promoting new clean energy investments enabled by U.S. tax incentives as President Joe Biden struggles to earn voter recognition for the benefits. Yellen is touring a facility in North Carolina that processes lithium hydroxide, used in electric vehicle batteries. She highlighted that $614 billion…

TL/DR - The 2022 Inflation Reduction Act has incentivized renewable energy developers and utilities to increasingly invest in energy storage. The legislation includes investment tax credits (ITCs) for standalone energy storage for the first time, leading to a rise in popularity for standalone storage. This trend is causing a shift away from…